114 Parish Road Needham — Photo 1 of 27
Recent Drop: $15,000
$1,185,000
Investment Analysis — 114 Parish Road
Needham, MA 02494
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02494 carries an estimated $4,030/mo in gross rent — about a 2.21% cap rate and $26,205/yr in estimated NOI at the $1,185,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,167
Style
Single Family
Built
1952
This well built, charming Cape-style home in a sought-after neighborhood near the town center and Roche Brothers, also includes a bonus in-law apartment with its own kitchen, living room, full bath, and private balcony. Refresh to your liking or a contractor/developer may like to start with a new canvas. Set on a desirable corner lot, this home offers versatile living spaces with a flexible first-floor layout featuring a spacious family room, sizable living room, kitchen, and den-ideal for and entertaining. A first-floor bedroom and full bath provide convenient single-level living if needed. Enjoy the wood-burning fireplace and efficient hot water baseboard heat. Recent updates include a new roof (2025) with solar panels, new boiler, new second-floor windows. Includes a partially finished basement room and storage shed. If you chose it as an investment, local rentals show $4,750/month income and the additional in law can bring in extra rent. Note: Solar panels are leased and lease will need to be assumed by the new owner.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,167 sq ft principal dwelling). Lot size: 15,072 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 16
Flooring - Wall to Wall Carpet
Kitchen
Lvl First13 x 8
Family Room
Lvl First17 x 17
Skylight, Ceiling Fan(s), Flooring - Wall to Wall Carpet, French Doors, Exterior Access, Recessed Lighting
Master Bedroom
Lvl First13 x 11
Flooring - Hardwood
Bedroom 2
Lvl First12 x 11
Bedroom 3
Lvl Second16 x 11
Flooring - Hardwood
Bedroom 4
Lvl Second23 x 14
Property History
$1,185,000
Was $1,200,000
Aug 15, 2026
MLS® 73561002
$1,200,000
Aug 8, 2026
MLS® 73561002
Listing Agent: Anna Federico
Listing Office: Bel Air Properties
MLS® Number: 73561002
